Retirement plan

LEE KENNEDY CO., INC 401K AND PROFIT SHARING PLAN

Name: LEE MICHAEL KENNEDY - LEE KENNEDY CO., INC 401K AND PROFIT SHARING PLAN (2019) Form 5500
Creator: LEE MICHAEL KENNEDY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEE KENNEDY CO., INC 401K AND PROFIT SHARING PLAN, LEE MICHAEL KENNEDY

LEE MICHAEL KENNEDYEIN 04-2635562Plan #002PY 2019

122 QUINCY SHORE DRIVE - QUINCY, MA 02171617-825-6930leekennedy.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$19.2M

+44.8% from 2018

Total participants

176

+6.7% from 2018

Average account balance

$112,377

+38.1% from 2018

Annual return

32.61%

+39.75 pp from 2018

Benchmarks

See 2,830 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,830 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$28.96M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$193K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

150

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.66%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$822

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$71,553
MORGAN STANLEY SMITH BARNEY1 year Filed as: SBHU/MORGAN STANLEY SMITH BARNEY Service code 22	Insurance Broker	$38,649
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 19 · EIN 26-1589907	Securities Custodian	$0
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGANSTANLEY SMITHBARNEY LLC Service code 22 · EIN 26-4310632	Insurance Broker	$0
RELIANCE TRUST COMPANY4 years Service code 19 · EIN 58-1428634	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$72K

$497 / participant

Other / not subdivided$72K100.0%

% of EOY assets

0.372%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,377

$63,114+78.1%

$92,915+20.9%

$65,186+72.4%

Participation rate

96.5%

68.8%+27.8pp

76.0%+20.5pp

70.2%+26.3pp

Annual return

32.61%

28.75%+3.9pp

109.45%-76.8pp

29.39%+3.2pp

Employer contribution / active EE

$3,855

$2,571+50.0%

$3,653+5.5%

$2,177+77.1%

Participant deferral / active EE

$8,816

$3,108+183.7%

$4,238+108.0%

$3,514+150.9%

Admin fee / account holder

$418

$624-32.9%

$5,796-92.8%

$847-50.6%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$71,553

MORGAN STANLEY SMITH BARNEY1 year

Filed as: SBHU/MORGAN STANLEY SMITH BARNEY

Service code 22

Insurance Broker

$38,649

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 19 · EIN 26-1589907

Securities Custodian

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGANSTANLEY SMITHBARNEY LLC

Service code 22 · EIN 26-4310632

Insurance Broker

RELIANCE TRUST COMPANY4 years

Service code 19 · EIN 58-1428634

Securities Custodian

LEE KENNEDY CO., INC 401K AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEE KENNEDY CO., INC 401K AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion